- FuelPositive announced four new appointments – Nelson Leite and Olushola Ashiru have joined the Board, while Francois Desloges and Jennifer Spencer have been appointed to the Executive Leadership Team
- The appointments are in a move to actualize Phase Two of the company’s Hydrogen-Ammonia Synthesizer commercial prototype system, critical to its future growth
- FuelPositive’s CEO expressed enthusiasm with the new appointments, citing that they will be integral to the company’s plans for creating and developing technologies and solutions to fight climate change
- The company’s CEO also appeared on the Gamechangers LIVE podcast, where he shared his personal story, background, mindset, struggles and the future of FuelPositive
On September 13, 2021, FuelPositive (TSX.V NHHH) (OTCQB: NHHHF) provided a corporate update, specifically on the development of its Phase 2 Hydrogen-Ammonia Synthesizer commercial prototype system. In the update, the company noted that the successful building of the prototype systems will confirm the broad application potential for the company’s carbon-free NH3 technology, which will be a massive milestone for FuelPositive (https://ibn.fm/l4pYW).
To guide it through this second phase of its growth plans, FuelPositive earlier announced key appointments to its Board of Directors and management team. While publicizing the selections, Ian Clifford, the Chief Executive Officer (“CEO”) and Chair of the Board, acknowledged that FuelPositive is no longer solely an R&D company. Instead, he noted that it is an enterprise that is seeking to ensure the excellence of its work as it commercializes its lead technology – carbon-free ammonia (“NH3”) (https://ibn.fm/uLxFs).
Nelson Leite was appointed as the company’s new Chief Operating Officer (“COO”) and member of the Board of Directors. Mr. Leite brings decades of experience in robotics and manufacturing automation, which will benefit the company as it advances its breakthrough NH3 technology. When making the announcement, Mr. Clifford noted:
“The team and I are thrilled to have Nelson join us at this pivotal time. He brings decades of experience in the most sophisticated manufacturing processes and disciplines to the company, right at the time that we are advancing our breakthrough carbon-free NH3 technology. Nelson also cares deeply about the importance of our work related to eliminating carbon emissions.”
The company also appointed Olushola (Shola) Ashiru, who will serve on the Board of Directors as an Independent Director. Shola will lend her knowledge of the clean technologies sector and capital markets to the company, allowing it to develop its core technology further and plan its future, creating and developing technologies and solutions to fight climate change.
Other additions to the FuelPositive team included Francois Desloges, who will serve as Senior Research Scientist, and Jennifer Spencer, who will work as the Director of Communications. Mr. Leite and Ms. Ashiru will be granted an aggregate of 3,500,000 incentive stock options at $0.185 until September 8, 2026. The options will vest over 18 months, with one-quarter vesting immediately and a further quarter vesting every six months after that.
FuelPositive also announced that Greg Gooch will be retiring as President and Board Member of the enterprise, although he will remain involved as a Strategic Advisor to the company.
“Greg has contributed heavily to FuelPositive, providing much-valued guidance as we navigated the early days as a Company. We all wish him well in this new phase of his life,” noted Mr. Clifford.
Mr. Clifford also recently appeared on Gamechangers LIVE, a podcast series that highlights individuals who are game-changers in their respective fields (https://ibn.fm/rLfsE). The podcast is usually a platform where these individuals share their journeys, experiences, struggles, mindsets and successes to inform and inspire listeners.
In the interview, Mr. Clifford talked about his background in landscape photography, assisting Ansel Adam’s at the young age of 18, and how that immediately grew into a lifelong connection to environmentalism. He also spoke about how his life journey led to him to creating FuelPositive with an amazing team of like-minded people, committed to introducing and commercializing technology related to carbon-free NH3.
Mr. Clifford was also keen to explain the significance of carbon-free ammonia as a breakthrough molecule, as well as the environmental and practical benefits of FuelPositive’s modular, scalable, carbon-free ammonia production systems for a broad range of industries.
The podcast, which was hosted by Sergio Tigera, an Executive Coach and Speaker, can be accessed via this link: https://ibn.fm/mfL2d
For more information, visit the company’s website at www.FuelPositive.com.
NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF
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